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Zambia launches $1 billion One Belt Chinese investment platform

Staff writer |
Government of Zambia says participation of the private sector in the economy is a vehicle for creation of wealth for the nation and jobs opportunities for the local people.

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Foreign Affairs Minister Harry Kalaba says government is for this reason making strides in reducing poverty through the involvement of the private sector’s implementation of various business reforms to make the business environment conducive.

Mr. Kalaba noted that Zambia is endowed with abundant land, water and other natural resources hence government has put in place income tax incentives for developers and operators for multi-facility economic zones.

The minister said this in Lusaka yesterday when he officially launched the US$1 billion One Belt and One Road Zambia Industrial Park, a Chinese conduit initiative investment platform organized by Tianjin Association of Industry in Zambia.

He implored Tianjin Association Group to work closely with the Zambia Development Agency, Zambia Chamber of Commerce and Industry (ZCCI) as well as small and medium enterprises in broadening the investment base.

He said the coming of the delegation is proof of Zambia’s favourable investment policies and environment.

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